Weekly data: Oil and Gold: Price review for the week ahead

Weekly data: Oil and Gold: Price review for the week ahead

This preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook.  Highlights of the week: RBA rate decision, US services PMI, Canada unemployment rate & US job report Tuesday Reserve Bank of Australia Interest rate decision at 4:30 AM GMT is […]

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 Republican leaders announce two-track plan to end the DHS shutdown

Republican leaders announce two-track plan to end the DHS shutdown

WASHINGTON — House and Senate Republican leaders jointly announced a plan Wednesday that they said would end the shutdown of the Department of Homeland Security that caused major airport delays. “In the coming days, Republicans in the Senate and House will be following through on the President’s directive by fully funding the entire Department of Homeland […]

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 Technical Analysis – Ether breaks higher, tests threeweek…

Technical Analysis – Ether breaks higher, tests threeweek…

ETHUSD jumps over 5%, eyes mediumterm downtrend line resistance Reclaims close above the 20 and 50day SMAs Momentum improves but still lacks strong followthrough Ether (ETHUSD) is edging higher, trading above 2,250 for the first time since March 18, and is now eyeing resistance at a mediumterm descending trendline just overhead. A break higher would […]

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 Market Overview: Gold Strengthens as WTI Crude Remains…

Market Overview: Gold Strengthens as WTI Crude Remains…

Gold continues to hold firm above the $2,565 support area, maintaining upward momentum, while WTI crude oil is showing renewed weakness and may extend losses below $96.50. Key Points for Today’s Gold and WTI Analysis • Gold has rebounded from the $4,500 level against the US dollar. • A key descending trend line around $4,620 […]

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 Dollar Weakens as Risk Appetite Improves on Ceasefire…

Dollar Weakens as Risk Appetite Improves on Ceasefire…

European currencies strengthened against the US dollar as markets reacted to reports of a temporary ceasefire agreement between Washington and Tehran. The reduction in geopolitical risk has shifted sentiment, weakening demand for so-called defensive assets and encouraging flows into higher-risk currencies, particularly across developed markets. At the same time, falling oil prices added to the […]

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 EURGBP Bulls Defend 0.8610 — Rally Toward 0.8670 Back in…

EURGBP Bulls Defend 0.8610 — Rally Toward 0.8670 Back in…

EURGBP currency pair can be expected to rise to the next resistance level 0.8670 (which reversed the price multiple times at the end of April).  EURGBP reversed from long-term support 0.8610 Likely to rise to resistance level 0.8670 EURGBP currency pair recently reversed from the support area between the strong long-term support level 0.86100 (which […]

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